Allianz Asset Management GmbH Buys 33,385 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Allianz Asset Management increased its Leidos stake by 12.2% in the second quarter, acquiring 33,385 shares and bringing its holdings to 306,889 shares valued at approximately $31.6 million.
• Leidos reported quarterly revenue of $4.56 billion and earnings of $3.26 per share, exceeding analyst estimates; revenue rose 7.2% year over year. The company also authorized a buyback of up to 20 million shares and declared a quarterly dividend of $0.43 per share.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and an average price target of $162.93, while Leidos shares opened at $133.19.

Allianz Asset Management GmbH lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,889 shares of the aerospace company's stock after acquiring an additional 33,385 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.24% of Leidos worth $31,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Longview Financial Advisors Inc. acquired a new stake in Leidos during the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. raised its stake in shares of Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 72 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Leidos during the fourth quarter valued at $28,000. Kelleher Financial Advisors acquired a new position in shares of Leidos during the second quarter worth $28,000. Finally, Wexford Capital LP acquired a new position in shares of Leidos during the third quarter worth $32,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In related news, Director Gary May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director owned 10,204 shares of the company's stock, valued at $1,437,233.40. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noel B. Geer sold 10,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the sale, the director owned 34,274 shares of the company's stock, valued at $4,820,980.84. This trade represents a 22.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company's stock.

Leidos Trading Up 0.1%

NYSE:LDOS opened at $133.19 on Tuesday. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.48 and a beta of 0.56. The firm has a fifty day simple moving average of $123.79 and a two-hundred day simple moving average of $137.33.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $3.21 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos declared that its board has initiated a share buyback program on Friday, July 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Leidos's payout ratio is 16.04%.

Analysts Set New Price Targets

LDOS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Leidos from $210.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Leidos in a research note on Friday. Bank of America restated a "neutral" rating and set a $125.00 price objective (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $145.00 price objective on shares of Leidos in a research note on Sunday, August 9th. Finally, Wells Fargo & Company set a $165.00 target price on Leidos in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $162.93.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos' work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.